Strategy · Pine Script v6 · On the chart

Dip Mafia HODL

by 0xCaretaker

A long-only strategy that buys dips and never sells during the test.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code244
Settings16inputs
LicenceNone stated
Last update2 days ago27 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

A buy needs a lower Bollinger Band touch, by default with a close below the midline, plus a MACD or Impulse MACD crossover. Position size is a percent of equity or a fixed cash amount per buy, with a cap of one buy per bar by default. It allows many stacked entries, has no stop loss or take profit, and shows an optional metrics table.

Details

Published by

0xCaretaker on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Mean reversion, Oscillators & momentum

Markets

Stocks

Timeframes

H4 and above

Risk Notes

  • The strategy can add several entries in the same direction
  • The strategy enters trades without a stop loss

Topics

bollinger-bandsgithub-actionsmacdnsetelegram-bot

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Bollinger lengthint200bbLength
Bollinger std devfloat2.0bbStdDev
Watch lookback (bars)int60watchLookback
Require close < BB midlinebooltruerequireBelowMid
MACD fast EMAint12macdFast
MACD slow EMAint26macdSlow
MACD signal EMAint9macdSig
Impulse MA lengthint34impLenMA
Impulse signal lengthint9impSig
MACD triggerstringImpulsesignalSrc
Max one buy per barbooltrueoncePerBar
Position sizingstringPercent of equitysizeMode
Show all 16 settings
SettingTypeDefaultVariable
% of equity per dip-buyfloat25sizePct
Fixed cash per dip-buyfloat10000sizeCash
Risk-free rate % (annual)float6.0rfAnnual
Show performance tablebooltrueshowMetrics
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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